Retention Account credits and withdrawals
Retention Account. If the Note Trustee enforces the security created under this Current Issuer Deed of Charge at a time when either no amounts or not all amounts owing in respect of the Current Issuer Secured Obligations have become due and payable or any of the Current Issuer Secured Obligations are at such time contingent or future, the Note Trustee or a Receiver may, for so long as no such amounts or not all such amounts have become due and payable or any of the Current Issuer Secured Obligations are at such time contingent or future, pay any monies referred to in Clause 8.3 (Current Issuer Post-Enforcement Priority of Payments), as the case may be, into, and retain such monies in, an interest-bearing account (a "retention account") to be held by it as security and applied by it in accordance with Clause 8.3 (Current Issuer Post-Enforcement Priority of Payments) as and when any of the amounts referred to therein become due and payable.
Retention Account. The Administrative Agent has established and shall maintain the Retention Account with the Depositary. The Retention Account shall be registered in the name of the Administrative Agent and the Administrative Agent shall, subject to the terms of this Agreement, have exclusive dominion and control thereof and of all monies, instruments and other property from time to time on deposit therein.
Retention Account. The vested portion of the Participant's Retention Account shall be distributed to the Participant upon the termination of employment with the Company.
Retention Account. 16.4.1 The Borrower on or before the Drawdown Date will open with the Bank the Retention Account.
Retention Account. (a) Upon a Change in Control, the Retention Amount shall be deposited into a separate account under the exclusive control of the Administrator (the “Retention Account”).
Retention Account. Evidence that the Retention Account has been opened by the Borrowers and duly completed mandates in relation thereto have been delivered to the Bank
Retention Account. Upon the occurrence and during the continuance of an Event of Default, the Borrowers shall transfer to the Retention Account out of the Earnings received in the Earnings Accounts during the preceding month the aggregate amount of:
Retention Account. RELEASES TO THE PURCHASER PRIOR TO THE FINAL RELEASE DATE At any time prior to the Final Release Date, if a Relevant Claim becomes a Substantiated Claim, the Purchaser and the Seller shall instruct the Escrow Agents to release to the Purchaser an amount equal to the lesser of the Agreed Claim Amount in respect of the Substantiated Claim and the amount standing to the credit of the Escrow Account.
